Dollar Tree Q1 Sales Grow
First quarter sales at Dollar Tree were up mid single-digits as comparable store sales growth at the company’s Dollar Tree banner was key to driving sales.
First quarter sales at Dollar Tree were up mid single-digits as comparable store sales growth at the company’s Dollar Tree banner was key to driving sales.
99 Cents Only Stores produced mixed results in its fourth quarter, gaining sales but growing its net loss.
Dollar General intends to create approximately 10,000 new jobs in 2017 as the result of 1,000 planned new store openings and two new state-of-the-art distribution centers.
Dollar Tree has promoted Gary Philbin to enterprise president and appointed Duncan Mac Naughton as president and chief operating officer of the Family Dollar business.
99 Cents Only Stores improved its results in the third quarter, marked by a slight comp gain and a lower net loss.
The continued integration of Family Dollar seems to be paying off for Dollar Tree, which reported positive results for its third quarter.
99 Cents Only said it was encouraged by its turnaround efforts in the second quarter, narrowing its net loss and slightly increasing sales.
Dollar Tree is eliminating 370 positions, including 100 that are vacant, as part of the retailer’s ongoing efforts to integrate support functions following its acquisition of Family Dollar. The positions are located at the Family Dollar store support center in Matthews, NC.
In the aftermath of its failed bid for Family Dollar, Dollar General has purchased 41 former Walmart Express locations.
Despite a net loss in the first quarter, 99 Cents Only Stores asserted that a…